She says "It's about helping people", and is meant to address a "changed situation" with housing prices having risen over 30% in the last year.

The Premier notes that there are no "levers to pull" that would change the market and that she doesn't want the government to try to do that. She says, this is a matter of offering incentives to get the market to move in a better direction.

The 16 measures are:

1. 15% foreign speculators' tax

2. Expanding rent control to all private rental units

3. Protecting tenants and ensuring predictability for landlords

4. Use of surplus provincial land to develop a mix of market housing and new, permanent, sustainable and affordable housing

5. Encouraging property owners to sell unoccupied units or rent them

6. Property taxes for new multi-residential apartment at similar rates to other residential properties

7. A $125 million 5 year plan for new construction using rebates of development charges

8. Use of property tax to unlock development opportunities; impose higher tax on vacant land approved for new housing